What is DA Davidson's Forecast for Fastly FY2025 Earnings?

Fastly, Inc. (NYSE:FSLY - Free Report) - Investment analysts at DA Davidson upped their FY2025 earnings estimates for shares of Fastly in a research note issued on Thursday, August 7th. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings of ($0.72) per share for the year, up from their prior estimate of ($0.75). The consensus estimate for Fastly's current full-year earnings is ($0.78) per share. DA Davidson also issued estimates for Fastly's FY2026 earnings at ($0.71) EPS.

Other analysts also recently issued reports about the stock. Morgan Stanley boosted their price target on shares of Fastly from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. KeyCorp upgraded shares of Fastly to a "sector weight" rating in a research report on Thursday, June 5th. Royal Bank Of Canada boosted their price objective on shares of Fastly from $6.00 to $7.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Craig Hallum upgraded shares of Fastly from a "hold" rating to a "buy" rating and set a $10.00 price objective on the stock in a research report on Thursday, August 7th. Finally, Piper Sandler boosted their price objective on shares of Fastly from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $8.69.

Fastly Trading Down 4.5%

Fastly stock traded down $0.33 during mid-day trading on Monday, hitting $6.92. The company's stock had a trading volume of 1,261,964 shares, compared to its average volume of 2,893,043. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -6.71 and a beta of 1.19. The business has a 50 day moving average price of $7.05 and a 200-day moving average price of $7.14. Fastly has a 12 month low of $4.65 and a 12 month high of $12.08.

Fastly (NYSE:FSLY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $148.71 million during the quarter, compared to the consensus estimate of $144.86 million. Fastly had a negative net margin of 25.85% and a negative return on equity of 11.98%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share.

Institutional Investors Weigh In On Fastly

A number of hedge funds and other institutional investors have recently bought and sold shares of FSLY. Banque Transatlantique SA purchased a new stake in Fastly in the first quarter worth about $38,000. GAMMA Investing LLC grew its holdings in Fastly by 451.7% in the first quarter. GAMMA Investing LLC now owns 7,261 shares of the company's stock worth $46,000 after purchasing an additional 5,945 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Fastly in the first quarter worth about $52,000. Acadian Asset Management LLC purchased a new stake in Fastly in the first quarter worth about $78,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Fastly in the fourth quarter worth about $82,000. Hedge funds and other institutional investors own 79.71% of the company's stock.

Insider Activity

In other news, CFO Ronald W. Kisling sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $7.41, for a total value of $88,920.00. Following the completion of the transaction, the chief financial officer owned 635,053 shares in the company, valued at $4,705,742.73. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd Nightingale sold 12,547 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $7.19, for a total transaction of $90,212.93. Following the completion of the sale, the chief executive officer owned 1,904,388 shares in the company, valued at approximately $13,692,549.72. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,124 shares of company stock worth $1,138,628 in the last quarter. 6.70% of the stock is owned by company insiders.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.